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The United States and Laos meet regularly under our 2016 Trade and Investment Framework Agreement (TIFA), which provides a platform for addressing bilateral issues, monitoring Laos’ implementation of its WTO accession commitments, and coordinating on regional and multilateral issues. For information on upcoming U.S. meetings with Laos, see the Calendar of Events page.
Bilateral trade has increased nearly five-fold in the past decade, but remains low at $86 million in 2016. U.S. goods exports totaled $31 million, with key exports including manmade staple fibers, precious metal and stone, machinery, vehicles and aircraft. Laos is the 171st largest trading partner of the United States, and the United States is Laos’ eighth largest source of imports.
Laos is party to many regional free trade agreement agreements. These include the ASEAN Free Trade Area, and ASEAN agreements with Australia, New Zealand, India, Japan, China, and Korea. Laos also is participating in the 16-member Regional Comprehensive Economic Partnership negotiations.